Update on Reina IsabelReina needs a new loan because she needs working capital in order to continue investing in her business. This will allow her to buy a griddle for ‘pupusas’ [stuffed griddle corn cakes] and coffee to roast, which she will later sell.
The previous loan helped her to give life to her business and to continue working in this field. Her financial and family circumstances remain the same.
El efecto del crédito anterior le ayudo a darle vida a su negocio y seguir trabajando en el oficio; las condiciones económicas y las circunstancias familiares se mantienen igual.
Previous Loan DetailsReina is requesting a new loan to invest in the supplies she needs to continue producing pupusas. She will buy corn, 'quesillo' (soft cheese), 'chicharrón' (cooked, ground pork), oil and seasonings which will allow her to maintain her production and sales. This will help her to have a good numb... More from Reina Isabel's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
About El Salvador
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Success!! The loan was 100% repaid